Photo of Edward McKelvey
  • Visiting Professor of Economics


  • BA, Oberlin College, 1968
  • MPhil, Yale University, 1970
  • PhD, Yale University, 1975


Ed McKelvey returned to Oberlin in 2011 after a career spanning nearly four decades in academia, government, and banking.  In the early 1970s, he taught macroeconomics, money and banking, and a senior policy seminar at Williams College.  From there he joined the Federal Reserve Board research staff in Washington, DC, where he conducted and later supervised research on inflation, unemployment, nonbank financial institutions, and the US capital markets.  In the early 1980s he left the government, working in turn for Fannie Mae, JP Morgan, and Goldman Sachs.  At Goldman, he managed the US economic forecast, served as desk economist for fixed-income sales and trading, and pursued research on consumer behavior, housing activity, US business cycles, and monetary and fiscal policy.

At Oberlin, Professor McKelvey will teach courses in macroeconomics, money and banking, the US business cycle, and financial derivatives. He maintains an active research interest in the evolution of the business cycle, monetary and fiscal stabilization policies, and the nation's long-term fiscal imbalance.  Outside economics, his interests include American history, classical music, and baseball.

Fall 2016

ECON 211 - Money, Financial System & Economy: TR 9:30-10:50am
ECON 251 - Intermediate Macroeconomics: TR 1:30-2:45pm
ECON 440 - Seminar: US Monetary Policy: W 2:30-4:20pm
ECON 995-05 - Private Reading

Spring 2017

ECON 251 - Intermediate Macroeconomics: TR 3:00-4:15pm
ECON 340 - Financial Derivatives: TR 9:30-10:50am
ECON 995-05 - Private Reading